BTC

$8 239,54 USD (-2,91%)

1,00000000 BTC

Bitcoin
Market Cap $140 468 912 128 USD / 17 048 150 BTC
Volume (24h) $4 948 420 096 USD / 600 570 BTC
Circulating Supply 17 048 150 BTC
Max Supply 21 000 000 BTC
Date Open High Low Close Volume Market Cap
2018-05-21 8.522,33 8.557,52 8.365,12 8.418,99 5.154.990.080 143.518.941.184
2018-05-20 8.246,99 8.562,41 8.205,24 8.515,58 5.181.499.904 145.149.231.104
2018-05-19 8.255,73 8.372,06 8.183,35 8.241,68 4.708.499.968 140.465.012.736
2018-05-18 8.091,83 8.274,12 7.974,82 8.250,97 5.764.190.208 140.607.668.224
2018-05-17 8.370,05 8.445,54 8.054,12 8.094,32 5.862.530.048 137.923.772.416
2018-05-16 8.504,41 8.508,43 8.175,49 8.368,83 6.760.220.160 142.587.494.400
2018-05-15 8.705,19 8.836,19 8.456,45 8.510,38 6.705.710.080 144.979.738.624
2018-05-14 8.713,10 8.881,12 8.367,97 8.716,79 7.364.149.760 148.480.278.528
2018-05-13 8.515,49 8.773,55 8.395,12 8.723,94 5.866.379.776 148.587.773.952
2018-05-12 8.441,44 8.664,86 8.223,50 8.504,89 6.821.380.096 144.841.048.064
2018-05-11 9.052,96 9.052,96 8.394,46 8.462,50 8.497.079.808 144.101.457.920
2018-05-10 9.325,96 9.396,04 9.040,52 9.043,94 6.906.699.776 153.988.448.256
2018-05-09 9.223,73 9.374,76 9.031,62 9.325,18 7.226.890.240 158.758.862.848
2018-05-08 9.380,87 9.462,75 9.127,77 9.249,75 7.426.959.872 157.456.056.320
2018-05-07 9.645,67 9.665,85 9.231,53 9.373,01 7.394.019.840 159.538.118.656
2018-05-06 9.845,31 9.940,14 9.465,25 9.646,74 7.238.060.032 164.179.066.880
2018-05-05 9.700,28 9.964,50 9.695,12 9.858,15 7.651.939.840 167.759.953.920
2018-05-04 9.695,50 9.779,20 9.585,96 9.700,76 8.217.829.888 165.062.803.456
2018-05-03 9.233,97 9.798,33 9.188,15 9.743,86 10.207.299.584 165.778.374.656
2018-05-02 9.104,60 9.256,52 9.015,14 9.235,92 7.558.159.872 157.119.856.640
2018-05-01 9.251,47 9.255,88 8.891,05 9.119,01 7.713.019.904 155.114.127.360
2018-04-30 9.426,11 9.477,14 9.166,81 9.240,55 8.673.920.000 157.163.847.680
2018-04-29 9.346,41 9.531,49 9.193,71 9.415,09 8.844.800.000 160.114.196.480
2018-04-28 8.939,27 9.412,09 8.931,99 9.348,48 7.805.479.936 158.963.073.024
2018-04-27 9.290,63 9.375,47 8.987,05 8.987,05 7.566.289.920 152.802.869.248
2018-04-26 8.867,32 9.281,51 8.727,09 9.281,51 8.970.559.488 157.793.320.960
2018-04-25 9.701,03 9.745,32 8.799,84 8.845,74 11.083.100.160 150.369.288.192
2018-04-24 8.934,34 9.732,61 8.927,83 9.697,50 10.678.800.384 164.833.263.616
2018-04-23 8.794,39 8.958,55 8.788,81 8.930,88 6.925.190.144 151.784.996.864
2018-04-22 8.925,06 9.001,64 8.779,61 8.802,46 6.629.899.776 149.585.592.320
2018-04-21 8.848,79 8.997,57 8.652,15 8.895,58 7.548.550.144 151.150.133.248
2018-04-20 8.286,88 8.880,23 8.244,54 8.845,83 8.438.110.208 150.287.106.048
2018-04-19 8.159,27 8.298,69 8.138,78 8.294,31 7.063.209.984 140.902.793.216
2018-04-18 7.944,43 8.197,80 7.886,01 8.163,42 6.529.909.760 138.661.085.184
2018-04-17 8.071,66 8.285,96 7.881,72 7.902,09 6.900.879.872 134.206.619.648
2018-04-16 8.337,57 8.371,15 7.925,73 8.058,67 5.631.309.824 136.849.408.000
2018-04-15 7.999,33 8.338,42 7.999,33 8.329,11 5.244.480.000 141.427.130.368
2018-04-14 7.874,67 8.140,71 7.846,00 7.986,24 5.191.430.144 135.589.388.288
2018-04-13 7.901,09 8.183,96 7.758,93 7.895,96 7.764.460.032 134.043.000.832
2018-04-12 6.955,38 7.899,23 6.806,51 7.889,25 8.906.250.240 133.912.616.960
2018-04-11 6.843,47 6.968,32 6.817,59 6.968,32 4.641.889.792 118.267.199.488
2018-04-10 6.795,44 6.872,41 6.704,15 6.834,76 4.272.750.080 115.978.362.880
2018-04-09 7.044,32 7.178,11 6.661,99 6.770,73 4.894.060.032 114.886.336.512
2018-04-08 6.919,98 7.111,56 6.919,98 7.023,52 3.652.499.968 119.162.880.000
2018-04-07 6.630,51 7.050,54 6.630,51 6.911,09 3.976.610.048 117.241.372.672
2018-04-06 6.815,96 6.857,49 6.575,00 6.636,32 3.766.810.112 112.565.174.272
2018-04-05 6.848,65 6.933,82 6.644,80 6.811,47 5.639.320.064 115.524.403.200
2018-04-04 7.456,41 7.469,88 6.803,88 6.852,80 4.944.520.192 116.211.662.848
2018-04-03 7.102,26 7.530,94 7.072,49 7.456,11 5.499.700.224 126.429.249.536
2018-04-02 6.844,86 7.135,47 6.816,58 7.083,80 4.333.440.000 120.101.928.960
2018-04-01 7.003,06 7.060,95 6.526,87 6.844,23 4.532.100.096 116.026.810.368
2018-03-31 6.892,48 7.207,85 6.863,52 6.973,53 4.553.269.760 118.204.645.376
2018-03-30 7.171,45 7.276,66 6.683,93 6.890,52 6.289.509.888 116.786.561.024
2018-03-29 7.979,07 7.994,33 7.081,38 7.165,70 6.361.229.824 121.436.045.312
2018-03-28 7.836,83 8.122,89 7.809,17 7.954,48 4.935.289.856 134.788.268.032
2018-03-27 8.200,00 8.232,78 7.797,28 7.833,04 5.378.250.240 132.717.051.904
2018-03-26 8.498,47 8.530,08 7.921,43 8.210,22 5.919.329.792 139.091.804.160
2018-03-25 8.612,81 8.682,01 8.449,10 8.494,44 4.613.890.048 143.891.562.496
2018-03-23 8.736,25 8.879,62 8.360,62 8.879,62 5.954.120.192 150.383.575.040
2018-03-22 8.939,44 9.100,71 8.564,90 8.728,47 5.530.390.016 147.809.222.656
2018-03-21 8.937,48 9.177,37 8.846,33 8.929,28 6.043.129.856 151.193.911.296
2018-03-20 8.619,67 9.051,02 8.389,89 8.913,47 6.361.789.952 150.909.501.440
2018-03-19 8.344,12 8.675,87 8.182,40 8.630,65 6.729.110.016 146.107.514.880
2018-03-18 7.890,52 8.245,51 7.397,99 8.223,68 6.639.190.016 139.201.708.032
2018-03-17 8.321,91 8.346,53 7.812,82 7.916,88 4.426.149.888 133.993.488.384
2018-03-16 8.322,91 8.585,15 8.005,31 8.338,35 5.289.379.840 141.111.771.136
2018-03-15 8.290,76 8.428,35 7.783,05 8.300,86 6.834.429.952 140.460.818.432
2018-03-14 9.214,65 9.355,85 8.068,59 8.269,81 6.438.230.016 139.920.850.944
2018-03-13 9.173,04 9.470,38 8.958,19 9.194,85 5.991.139.840 155.555.594.240
2018-03-12 9.236,13 9.937,50 8.956,43 9.205,12 6.457.399.808 155.710.930.944
2018-03-11 8.852,78 9.711,89 8.607,12 9.578,63 6.296.370.176 162.009.710.592
2018-03-10 9.350,59 9.531,32 8.828,47 8.866,00 5.386.319.872 149.939.798.016
2018-03-09 8.964,28 9.466,35 8.513,03 9.337,55 8.704.190.464 157.898.211.328
2018-03-08 9.928,38 10.147,40 9.335,87 9.395,01 7.186.089.984 158.852.235.264
2018-03-07 10.803,90 10.929,50 9.692,12 9.965,57 8.797.910.016 168.479.670.272
2018-03-06 11.500,10 11.500,10 10.694,30 10.779,90 6.832.169.984 182.225.321.984
2018-03-05 11.532,40 11.704,10 11.443,90 11.573,30 6.468.539.904 195.614.801.920
2018-03-04 11.497,40 11.512,60 11.136,10 11.512,60 6.084.149.760 194.567.389.184
2018-03-03 11.101,90 11.528,20 11.002,40 11.489,70 6.690.570.240 194.159.116.288
2018-03-02 10.977,40 11.189,00 10.850,10 11.086,40 7.620.590.080 187.318.992.896
2018-03-01 10.385,00 11.052,30 10.352,70 10.951,00 7.317.279.744 185.009.750.016
2018-02-28 10.687,20 11.089,80 10.393,10 10.397,90 6.936.189.952 175.644.311.552
2018-02-27 10.393,90 10.878,50 10.246,10 10.725,60 6.966.179.840 181.158.871.040
2018-02-26 9.669,43 10.475,00 9.501,73 10.366,70 7.287.690.240 175.076.065.280
2018-02-25 9.796,42 9.923,22 9.407,06 9.664,73 5.706.939.904 163.204.055.040
2018-02-24 10.287,70 10.597,20 9.546,97 9.813,07 6.917.929.984 165.687.803.904
2018-02-23 9.937,07 10.487,30 9.734,56 10.301,10 7.739.500.032 173.909.344.256
2018-02-22 10.660,40 11.039,10 9.939,09 10.005,00 8.040.079.872 168.892.268.544
2018-02-21 11.372,20 11.418,50 10.479,10 10.690,40 9.405.339.648 180.442.464.256
2018-02-20 11.231,80 11.958,50 11.231,80 11.403,70 9.926.540.288 192.457.818.112
2018-02-19 10.552,60 11.273,80 10.513,20 11.225,30 7.652.089.856 189.426.794.496
2018-02-18 11.123,40 11.349,80 10.326,00 10.551,80 8.744.009.728 178.040.651.776
2018-02-17 10.207,50 11.139,50 10.149,40 11.112,70 8.660.880.384 187.482.079.232
2018-02-16 10.135,70 10.324,10 9.824,82 10.233,90 7.296.159.744 172.637.061.120
2018-02-15 9.488,32 10.234,80 9.395,58 10.166,40 9.062.540.288 171.477.811.200
2018-02-14 8.599,92 9.518,54 8.599,92 9.494,63 7.909.819.904 160.131.563.520
2018-02-13 8.926,72 8.958,47 8.455,41 8.598,31 5.696.719.872 144.995.991.552
2018-02-12 8.141,43 8.985,92 8.141,43 8.926,57 6.256.439.808 150.513.123.328
2018-02-11 8.616,13 8.616,13 7.931,10 8.129,97 6.122.189.824 137.064.587.264
2018-02-10 8.720,08 9.122,55 8.295,47 8.621,90 7.780.960.256 145.341.841.408
2018-02-09 8.271,84 8.736,98 7.884,71 8.736,98 6.784.820.224 147.266.060.288
2018-02-08 7.637,86 8.558,77 7.637,86 8.265,59 9.346.750.464 139.306.696.704
2018-02-07 7.755,49 8.509,11 7.236,79 7.621,30 9.169.280.000 128.435.003.392
2018-02-06 7.051,75 7.850,70 6.048,26 7.754,00 13.999.800.320 130.658.091.008
2018-02-05 8.270,54 8.364,84 6.756,68 6.955,27 9.285.289.984 117.184.389.120
2018-02-04 9.175,70 9.334,87 8.031,22 8.277,01 7.073.549.824 139.433.689.088
2018-02-03 8.852,12 9.430,75 8.251,63 9.174,91 7.263.790.080 154.539.999.232
2018-02-02 9.142,28 9.142,28 7.796,49 8.830,75 12.726.899.712 148.725.284.864
2018-02-01 10.237,30 10.288,80 8.812,28 9.170,54 9.959.400.448 154.428.571.648
2018-01-31 10.108,20 10.381,60 9.777,42 10.221,10 8.041.160.192 172.099.567.616
2018-01-30 10.281,70 11.307,20 10.036,20 10.106,30 8.637.859.840 170.151.559.168
2018-01-29 11.755,50 11.875,60 11.179,20 11.296,40 7.107.359.744 190.164.451.328
2018-01-28 11.475,30 12.040,30 11.475,30 11.786,30 8.350.360.064 198.389.940.224
2018-01-27 11.174,90 11.614,90 10.989,20 11.440,70 7.583.269.888 192.550.551.552
2018-01-26 11.256,00 11.656,70 10.470,30 11.171,40 9.746.199.552 187.995.799.552
2018-01-25 11.421,70 11.785,70 11.057,40 11.259,40 8.873.169.920 189.455.302.656
2018-01-24 10.903,40 11.501,40 10.639,80 11.359,40 9.940.989.952 191.115.231.232
Market Last Price Last Volume Last Volume Total Volume 24H Volume 24H Total

What is Bitcoin?

Bitcoin is the original virtual currency or cryptocurrency. It was first created in 2009 as a means of sending secure transactions but exploded in popularity in 2013 when its value exploded. The idea behind this new form of currency was to avoid government or business control. It allows you to trade globally with little cost and most importantly without need to reveal your identity.

Bitcoin is virtual currency, meaning there is nothing tangible to touch. The coin is basically a line of numbered code that acts as instructions to a computer programme. However, before you think this is crazy – you are buying an imaginary coin that exists nowhere else – a Bitcoin can be exchanged for goods, services and normal money should you wish to sell.

Bitcoin was created by a mysterious character called Satoshi Nakamoto. This is a pseudonym, and no one truly knows who this develop is. Nakamoto’s vision in the original white paper was to create a peer-to-peer version of electronic cash. This means that people can send online payments to each other without having to go through any form of financial institution.

There is no need for a third party to verify the value of this currency because the cryptographic acts as proof of the willingness of two parties to deal directly with each other. The cleverness behind bitcoin, and all subsequent altcoins, is the blockchain technology. This technology is a giant electronic ledger that records transactions. The records on the blockchain are powered by the users, which means that the users define the value based on what they are willing to pay for them.

How is Bitcoin’s value determined?

Bitcoin’s value is determined based on supply and demand. New Bitcoins are released at a rate of 25 coins every 10 minutes. The system is designed to only allow 21 million bitcoins to exist – at present there are just over 16 million in use. If you are willing to pay the price, then that is the cost of the Bitcoin – hence it’s value fluctuates. When there is high demand and high confidence, the value will be high. If something happens to knock confidence, like China suggesting regulation, then the value will drop.

How can you get hold of Bitcoin?

You have two choices. You can buy Bitcoin and you can mine for Bitcoin.

To buy Bitcoin you need a wallet – which is surprisingly similar to having an actual wallet in your pocket. It is a place you put your Bitcoins to store them once you have purchased them. It is also the place you go to when you want to use these coins in transactions – either for products, services or real currency. To purchase Bitcoin, you go to an exchange site either on your desktop, smartphone or tablet. The exchange sites are essentially blockchain exchanges, where you can agree to a transaction with another user.

You can also offer another user money, a service or a product in return for the Bitcoin they own. Alternatively, you can agree to pay with your Bitcoin, transferring it into their wallet. It is surprisingly like using real currency.

Another way to get access to Bitcoin is through mining. To mine bitcoin you need Bitcoin mining hardware and software. The computer program needs to solve a problem and by solving this problem it finds the Bitcoin which then can be mined. The more powerful the computer the more complex the problem it will need to solve to find the Bitcoin – so the expensive equipment that is sold might promise the world but might not necessarily offer a great return on your investment. There are free Bitcoin mining websites that can help you find Bitcoin – but a lot of them are scams and it is best to research carefully to know you are dealing with reputable providers.

Blockchain needs miners to process and secure transactions. However, the more miners who join using custom built programs the harder it becomes to find Bitcoins. A Bitcoin miner can be anyone who fancies processing complex problems with the chance of a profit. Some Bitcoin miners use it as a means of making a substantial profit.

What can impact on Bitcoin’s price?

There is a difference between Bitcoin value and Bitcoin price. The Bitcoin value is its perceived benefit and usefulness. The Bitcoin price is its value in exchange rate in relation to another currency, so will always be expressed in BTC/USD or BTC/ GBP.

With the gradual release of Bitcoins over 100 years the demand will rise and so will the perceived value. There is a constant supply that feeds an increasing demand.

Price fluctuates for many reasons. The important functions that impact on Bitcoin price include the Bitcoin Payment Network, where Bitcoin is used as a currency, Bitcoin Storage and Transfer, where Bitcoin is a place to store wealth and Bitcoin Exchange Rate, which is Bitcoin as a commodity.

On a basic level, the more people who buy Bitcoin the higher the price will be. The more people that sell Bitcoin in exchange for another currency or cryptocurrency, the price goes down. If people hoard Bitcoin, then the price goes up because the demand increases.

If things happen externally that impacts on people wanting to buy and sell, then the price fluctuates. News stories that say Bitcoin is the next big thing, then people rush to buy. If a country threatens to put legislation in place that limits the freedom to trade in Bitcoin, people will rush to sell to avoid potential losses.

There is also the influence exerted by the early adopters of Bitcoin who hold sizeable amounts of Bitcoin and are cashing out to buy houses and cars and other big purchases. The more they cash out the more the price could fall. However, there are now institutional entities such as investment funds that are starting to trade in Bitcoin and so causing some of the price volatility.